ABB

ABB announced today that its Board intends to appoint KPMG as its
external auditor effective for the financial year 2018. This decision
was taken following a year-long comprehensive external auditor tender
process initiated in 2016 in line with international good governance
practices. The proposal is subject to shareholder approval at ABB’s 2018
Annual General Meeting.

Ernst & Young has been ABB’s sole external auditors since 2001 and ABB’s
Board would like to thank the firm and its auditors for their
contribution and dedication over the years. Ernst & Young will audit ABB
for fiscal year 2017 as approved at ABB’s recent Annual General Meeting.

ABB looks forward to a constructive and professional relationship with
KPMG in the future.

ABB (ABBN: SIX Swiss Ex) is a pioneering technology leader in
electrification products, robotics and motion, industrial automation and
power grids, serving customers in utilities, industry and transport &
infrastructure globally. Continuing a more than 125-year history of
innovation, ABB today is writing the future of industrial digitalization
and driving the Energy and Fourth Industrial Revolutions. ABB operates
in more than 100 countries with about 132,000 employees. www.abb.com